Monthly archives for December, 2022
| Worst is behind Balrampur Chini. Buy for Target Price of Rs 465 (21.6% Upside) | |
| Company: | balrampur chini |
| Brokerage: | jmfics |
| Date of report: | December 15, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 21.6% |
| Summary: | We remain positive on the sugar sector (especially efficient companies) as government policies (sugarcane price/MSP/ethanol prices) will ensure survival of the weakest. While the regulation of sugar exports appears optically negative, we are convinced that it is aimed at a) ensuring adequate stock for local consumption, thus avoiding any undesired rally in domestic prices, and b) continuity in the ethanol programme (ethanol momentum could get upset in case of a significant rally in sugar prices). BRCM continues to be the best among the sugar pack, in our view. We maintain BUY rating on Balrampur Chini (CMP-INR 374; Sep’23TP- INR 465). |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | balrampur chini, jm, jmfics |
| Long Term Recommendation Carysil Ltd. Buy for target price of Rs 784 (59% upside) | |
| Company: | Acrysil, Carysil |
| Brokerage: | Edelweiss |
| Date of report: | December 13, 2022 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 59% |
| Summary: | Carysil is well-placed for strong growth, supported by industry tailwinds, increased home improvement spending and demand for aesthetically appealing products globally. Although we saw earnings moderation in FY23 on high quartz sink inventories in the channel, we expect revenue growth to recover sharply in FY24E |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Acrysil, Carysil, Edelweiss |
| Investors’ Presentation of Likhitha Infrastructure (Ashish Kacholia’s Portfolio stock) | |
| Company: | Likhitha Infrastructure |
| Brokerage: | |
| Date of report: | December 1, 2022 |
| Type of Report: | Investors' Presentation |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Likhitha Infrastructure |
| MOTILAL OSWAL 27th ANNUAL WEALTH CREATION STUDY (2017-2022) | |
| Company: | Motilal Oswal, Wealth Creation Study |
| Brokerage: | Motilal Oswal |
| Date of report: | December 9, 2022 |
| Type of Report: | Model Portfolio |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | The Financial sector, coming out of Covid despair, is likely to dominate Wealth Creation in the foreseeable future |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Motilal Oswal 27th Annual Wealth Creation Study |
| GREENPANEL INDUSTRIES has a Long runway before takeoff. Buy for Target Price of Rs 595 (54% Upside) | |
| Company: | GREENPANEL INDUSTRIES |
| Brokerage: | BOB Capital |
| Date of report: | December 6, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 54% |
| Summary: | GREENP is trading at ~15x FY24E EPS which is attractive given GREENP’s strong growth prospects, leadership position in MDF, and an improving balance sheet and return ratios |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BOB Capital Markets, GREENPANEL INDUSTRIES |
| Godawari Power is a Trading Buy with Expected Return of 61%: Edelweiss | |
| Company: | Godavari Power & Ispat |
| Brokerage: | Edelweiss |
| Date of report: | December 8, 2022 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 61% |
| Summary: | Godawari Power & Ispat (GPIL) is a fully backward-integrated steel company with strong presence across the value chain—from operating captive iron-ore mines to manufacturing and selling value-added steel products. The company is one of the largest pellet manufacturers in India and India’s only manufacturer of high-grade pellets |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Edelweiss, Godavari Power & Ispat |
| Catalysts for growth in place for Chemicals stocks. Seven stocks to buy: HDFC Securities | |
| Company: | Model Portfolio, Specialty Chemicals |
| Brokerage: | HDFC Sec |
| Date of report: | December 5, 2022 |
| Type of Report: | Sector Report |
| Recommendation: | Buy |
| Upside Potential: | 46% |
| Summary: | The chemical industry’s growth is not hostage to any one economic parameter or any one end-user industry. Rising domestic demand and the need to evolve have forced domestic chemical companies to expand their capacities to remain competitive. Our positive stance on the sector is backed by its strong growth, aided by diversity in terms of chemistries and/or technologies |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Model Portfolio, Speciality Chemicals |
| Four Stock Recommendations For December By SMIFS | |
| Company: | Model Portfolio |
| Brokerage: | SMIFS |
| Date of report: | December 2, 2022 |
| Type of Report: | Techno-Funda |
| Recommendation: | Buy |
| Upside Potential: | 66% |
| Summary: | SMIFS has recommended four stocks to buy with good risk-reward ratios. |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Model Portfolio, SMIFS |
| Devyani International riding on the strong business momentum in core brand business. Buy for target of Rs 220: HDFC Securities | |
| Company: | Devyani International Ltd |
| Brokerage: | HDFC Sec |
| Date of report: | November 30, 2022 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 18% |
| Summary: | A strong recovery in the out-of-home consumption, rising traction for branded products, aggressive store expansion plans, value proposition through an innovated menu and widening delivery reach will help DIL’s revenues clock a CAGR of 36% over FY22-24E (~23% increase due to store count) |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | Devyani International Ltd, HDFC Sec |
| Buy One 97 Communications (Paytm) for target price of Rs 1285 (156% Gain): ICICI Securities | |
| Company: | ICICI Securities, One 97 Communications (Paytm) |
| Brokerage: | One 97 Communications (Paytm) |
| Date of report: | December 2, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 156% |
| Summary: | Management expects positive FCF generation in 12-18 months; no onerous outcome of regulatory observations |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, One 97 Communications (Paytm) |